Grand Canyon Education (NASDAQ:LOPE) Issues Q4 2024 Earnings Guidance

Grand Canyon Education (NASDAQ:LOPE) updated its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.840-2.970 for the period. The company issued revenue guidance of $286.5 million-$291.5 million. Grand Canyon Education also updated its FY 2024 guidance to 7.850-8.040 EPS.

Grand Canyon Education Price Performance

NASDAQ:LOPE traded up $0.35 during trading hours on Friday, reaching $143.70. 30,187 shares of the stock were exchanged, compared to its average volume of 189,965. Grand Canyon Education has a twelve month low of $108.24 and a twelve month high of $157.53. The firm has a 50 day moving average of $143.86 and a 200 day moving average of $137.76. The stock has a market cap of $4.27 billion, a PE ratio of 20.05, a PEG ratio of 1.31 and a beta of 0.66.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a return on equity of 31.81% and a net margin of 21.66%. The firm had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.56 million. During the same quarter in the prior year, the firm posted $1.01 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Equities research analysts anticipate that Grand Canyon Education will post 7.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird increased their price objective on Grand Canyon Education from $165.00 to $170.00 and gave the company an outperform rating in a report on Wednesday, May 8th. StockNews.com raised Grand Canyon Education from a hold rating to a buy rating in a report on Wednesday. BMO Capital Markets increased their price target on Grand Canyon Education from $160.00 to $162.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Barrington Research restated an outperform rating and issued a $165.00 price target on shares of Grand Canyon Education in a research note on Wednesday.

Insiders Place Their Bets

In other Grand Canyon Education news, Director Lisa Graham Keegan sold 270 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $147.96, for a total transaction of $39,949.20. Following the transaction, the director now owns 2,635 shares in the company, valued at approximately $389,874.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.